Liberia: Selected Issues and Statistical Appendix

International Monetary Fund

No 2005/167, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues and Statistical Appendix paper examines recent economic developments and medium-term outlook for Liberia. This paper focuses on economic developments during 2003 and 2004 and the medium-term challenges of reconstruction. The paper explores the pros and cons of adopting full (de jure) dollarization in Liberia. It reviews the theoretical arguments for and against adopting dollarization and the associated empirical evidence. The choices of monetary and exchange rate regimes made by other post-conflict countries are presented. The paper also assesses whether Liberia, in its current post-conflict situation, could benefit from dollarization.

Keywords: ISCR; CR; Liberia; revenue; currency; authority; IMF staff estimate; export tax; currency risk; dollarization in Liberia; tax instrument; local currency; area tax; Agroindustries; Currencies; Dollarization; Exports; Exchange rate arrangements; Global; Europe; Middle East; Central America; Western Hemisphere; West Africa; Africa (search for similar items in EconPapers)
Pages: 58
Date: 2005-05-20
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